Tag Archives: USD/JPY
Eyes on EUR/NOK 8.20 and the NB Verdikt. EUR/USD tests resimtance.
EUR/USD remains stuck in the 1.3512\1.3588 range. USD/JPY is likely done correcting higher. This turns focus back on 101.72, 101.60 & 101.43.
UBS Morning Adviser
Prevailing Wisdom Unchallenged If their voting record is anything to go by, the three new faces on the FOMC failed to rock the boat overnight.
FX Daily
Today markets will probably continue to digest details from yesterday’s FOMCmeeting as the schedule mainly contains tier 2 data, although rate decisions in Norwayand Switzerland will also be in focus.
Daily Market Technicals
EUR/USD continues to drift towards the 21-DMA with bulls looking for a close above to confirm an easing of bearish pressure and see immediate focus shift to the $1.3666-77 region.
USD/JPY Analysis
The piar opened at Y101.92 after last night’s post-FOMC run which ended at a Y102.37 high in the US. Moves this morning were more limited with dollar-yen slipping early to
USDJPY – outlining our base case for mid 103’s; need above 102.31 now
Very little has changed on the daily chart which remains locked in the middle of the 5-month range.
Daily FX Update
The market is quiet leading into today’s FOMC meeting. The USD is mixed with the best performer NZD, up 0.1% and the worst performer NOK, down 0.2%;
FX Daily Majors
Today’s highlights: USDJPY has completed a small base, and we look for strength back to 102.81/103.04.
Daily Technical Report
EUR/USD’s bullish intraday reversal on 5 Junehas created a key support at 1.3503. In the shortterm,prices are moving sideways near this level.
A history of reactions to the FOMC
If this wasn’t an FOMC meeting that had a press conference and fresh economic projections, there would be no point in hitting the World Cup pause button.
The Global Macro Pulse
The USD strengthened further in Asia trading but largely against EM Asia currencies. USDJPY inched higher to 102.21 but
Look for confirmation of a correctional low in GBP/USD
EUR/USD remains stuck in the 1.3512\1.3588 range. A correctional GBP/USD low is likely not far off, possibly already at 1.6938/22.